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Sensex, Nifty open in the red again as worries over US-Iran war fallout continue
On May 12, 2026, Indian stock indices opened sharply lower due to rising crude oil prices and uncertainty around the US-Iran war. The Sensex opened at 75,573.63, down 441.65 points, with inflation and capital outflows adding to the pressure as investors awaited April inflation data.
Why It Matters
The drop reflects investor sensitivity to geopolitical risk and higher oil costs in an oil-importing economy, with potential implications for inflation and growth. The upcoming inflation data could influence near-term market expectations.
Timeline
6 Events
Inflation data awaited
May 12, 2026
Investors awaited India's April retail inflation data, due later in the day, which could offer clues on how the Iran war has affected price pressures in the economy.
Oil prices rise amid Iran wartime tensions
May 12, 2026
Oil prices rose to about $105 per barrel following U.S. President Donald Trump's comment that the ceasefire with Iran was 'on life support' after dismissing Tehran's response to a U.S. peace proposal as 'stupid'.
Market breadth declines as sectors slide
May 12, 2026
Ten of the 16 major sectors logged losses; the broader small-cap and mid-cap indices fell 0.5% and 0.3%, respectively.
Sensex opens sharply lower
May 12, 2026
The BSE Sensex opened at 75,573.63, down 441.65 points or 0.58%, tracking weak global cues and persistent worries over the economic impact of elevated oil prices.
Rupee hits record closing low
May 11, 2026
The rupee closed at 95.31 per US dollar, a record closing low.
Nifty 50 and Sensex slide in previous session
May 11, 2026
In the previous session, the Nifty 50 fell 1.5% and the Sensex fell 1.7%.